TAMAN NIBONG TEBAL JAYA

TAMAN NIBONG TEBAL JAYA in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2022, with a median price of RM 285K and a median price per square foot (PSF) of RM 183.

This area contains both residential and commercial properties. View 24 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 285K, with most transactions falling within a stable range of RM 120K to RM 450K, and a typical market range of RM 156K to RM 414K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

Price per square foot shows a median of RM 183, though individual units vary from RM 120 to RM 246 in the core range. The broader market spans RM 130.25 to RM 235.75, indicating diverse property characteristics. A wider spread (IQR: RM 105.50) and deviation (MAD: RM 63) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.